§ 683 — Escheat, proceeds from sale

Vermont § 683

• Jurisdiction: Vermont
• Title 14: Title 14: Decedents' Estates and Fiduciary Relations
• Ch. 49: Chapter 049: Escheats

Text

If sufficient cause is not shown to the contrary, at the time appointed for that purpose, the court shall order and decree that the estate of the deceased in the State, after the payment of just debts and charges, shall escheat. The court shall assign the personal estate to the town where the deceased was last an inhabitant in the State and the real estate to the towns in which the same is situated. If he or she were never an inhabitant of the State, the whole estate shall be assigned to the towns where the same is located. The estate shall be for the use of schools in the towns respectively and shall be managed and disposed of like other property appropriated to the use of the town school districts. Any property decreed to a town by virtue of this chapter or subsequently conveyed to an incorporated school district within the town for the use of its schools may be sold without restriction, provided the proceeds shall be expended for the use of the schools of the town. (Amended 2017, No. 195 (Adj. Sess.), § 4.)